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Business in Vietnam as a Matter of Alignment
By Joyce Roque HANOI, Nov. 17 –Vietnam Briefing spoke with Robert Hughes, a principal at Tonkin Capital and a consultant for T&C Holding JSC. Hughes has been in Asia for 18 years taking top corporate posts in Hong Kong, Taiwan, Shanghai, Bangkok, Ho Chi Minh City and Hanoi, the place he now calls home. He […]
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Minimum Wage Levels to Rise for Foreign Companies
Nov. 16 – Minimum monthly wages at foreign companies and organizations in the Vietnam’s least developed areas will increase 8.6 percent to VND1 million next year, according to a new government decree. However, the minimum monthly wages for skilled workers in these areas, designated as Zone 4, must be at least VND1.07 million per month. […]
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AirAsia Launches HCMC-Phuket Route
Nov. 12 – Malaysia’s low cost carrier AirAsia has launched a new daily flight between Ho Chi Minh City and the famous Thai beach destination Phuket. It is AirAsia’s first direct flight shuttling from Ho Chi Minh City and Phuket. This route would include a “mixture of leisure seekers and business travelers,” Thai AirAsia’s chief […]
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New Fund to Support Pro-Poor Projects
Nov. 11 – Vietnam’s Ministry of Planning and Investment, the U.K. Department for International Development (DFID) and the Asian Development Bank have launched a new fund that will help support projects directly beneficial to the poor. The Vietnam Challenge Fund is backed by a US$3 million budget that can support grants worth US$30,000 to US$250,000. […]
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Customs Department Announces Dutiable Price Database for Various Goods
Nov. 10 – Vietnam’s General Department of Customs (GDC) has announced a new price database for dutiable products imported into the country and guidelines on how to inspect declared values. The GDC letter instructs customs department on how they can the customs value of imported goods when the declared company prices are lower than than […]
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India’s US$5 Billion Vietnam Project to Begin
Nov. 9 – India’s Tata Steel might soon begin its US$5 billion project in Vietnam when 725 hectares of land in Ha Tinh Province is allocated and handed over to the company as an alternative site for the project. “Tata Steel has accepted the last offer made by the authorities there. The next step will […]
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A Hanoi Primer
By Joyce Roque HANOI, Nov. 6 – The first thing you will remember on your drive out of Hanoi’s Noi Bai International Airport might also be the last thing you see as you leave the city – the motorcycles. The undulating wave of motorcycles that zip and turn to no apparent whim but its own. […]
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Business License Issuance Delayed in Congested Areas of HCMC
Nov. 5 – The government has opted to temporarily suspend issuing business licenses to congested areas in Ho Chi Minh City as a way to alleviate worsening traffic. Businesses that attract crowds like supermarkets and foreign language centers will be restricted as well as possibly wedding service providers. In addition, parking in traffic prone areas […]
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Vietnam’s List of National Projects Open to FDI
HANOI, Nov. 4 – With Vietnam dealing with the slowing effects of the global economic crisis, it is not all bad news as it maintains its post as one of the top destinations of foreign direct investment in the region according to the Asean Business Council. The government has long been pushing for more infrastructure […]
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Vietnam Launches National Database for Administrative Procedures
HANOI, Nov.2 – The government launched its first national database on administrative procedures in Hanoi last month for streamlining procedures and cutting costs. The new National Database on Administrative Procedures or commonly called Project 30 will save the country VND10,000 billion yearly by making all the administrative procedures and legal documents for all ministries and […]